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$VLY said in its Form 10-Q Quarterly Report filed on Aug. 8, 2016 that in early August it elected to prepay all $405MM of its Federal Home Loan Bank borrowings contractually maturing in 2018. $VLY refinanced 2018 debt, with total average cost of 3.69%, into a new 5-year FHLB borrowing with effective average interest rate of 2.51%.
I haven’t seen a drop in banks like this in a long time. Looks like $WFC is still facing pressures from its sales practices scandal..!!
Helping President-elect's America first focus, $WMT set to create 10,000 retail jobs in the US in 2017.
Looks like Trump has his eyes on the $MON and Bayer merger next. He had a meeting with the CEOs and apparently got job promises from them.